Itc on inward & outward freight

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2017 Dear sir,

Registered Manufacturing company are eligible to take INPUT tax credit on not on freight charges (inward freight- raw material & outward freight - finished goods) paid in RCM basis
please provide the details.

Thanking You,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 July 2017 ITC can be taken on freight paid under RCM.
Registered Manufacturing company are eligible to take INPUT tax credit on freight charges (inward freight- raw material & outward freight - finished goods) paid in RCM basis

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2017 Thank you so much sir

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CA Praveen Chopra

CA Praveen Chopra (Expert)
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18 July 2017 But why in the notification prescribing rate of GST on services particularly on GTA Service i.e. 5%, No ITC mentioned ? Why it is so ?